ADVANCED COST REDUCTION AS: årsregnskap 2023 vs 2022
Slipped into loss, cash halved-plus
approved 2024-06-07; registry 2024-06-17; journal 2024 516039
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVANCED COST REDUCTION AS. Revenue 158.1k NOK → 158.1k NOK (0.0%). Net result +50.4k NOK → -65.0k NOK. Equity -253.3k NOK → -318.3k NOK.
Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANCED COST REDUCTION AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result +63.6k NOK → -41.9k NOK (op. margin 40.2% → -26.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 50.4k NOK profit to a loss of 65.0k NOK. Calculated
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↓
Equity eroded
Book equity -253.3k NOK → -318.3k NOK (equity ratio -57.2% → -83.2%). Calculated
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↓
Cash fell
Bank deposits 79.4k NOK → 18.7k NOK (-76.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -83.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation